RERA

Preserving the legal interests of homebuyers and developers.

The Real Estate (Regulation and Development) Act, 2016 (‘RER Act’) is a breakthrough in the regulation and promotion of the real estate sector and has brought in accountability, transparency, and organization, where the sector was earlier burdened with archaic approaches and partisan legislations. For instance, the statutory requirement of depositing the customer collection in separate RERA account, restriction on the funds collected to be used only for a specific project and making the promoter accountable for the commitments, have instilled confidence in home buyers.

However, this has also resulted in enhanced compliance obligations for developers and the industry is reeling under the implementation challenges of the Act. Further, although the RER Act is a central legislation, each state in India has its own rules and regulations governing the implementation of RER Act.

We advise all stakeholders on a real estate project including, promoters, investors, retail lenders and homebuyers. Having our offices in multiple locations gives us an edge in understanding the rules and regulations applicable to a specific State. Our association with various chambers of commerce, industrial bodies, consumer welfare associations have helped us in understanding the challenges faced by the real estate industry, which allows us to give solution-based advice to our clients.
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  • Winner of Indian Business Law Journal India Law Firm Awards for Real Estate Practice in 2018.
  • Our Real Estate Partner, Prashantha Kumar, has been ranked as a Recognized Practitioner by Chambers in 2020, Notable Practitioner by Asia Law In 2020.
  • Ranked as a Notable Firm by Chambers & Partners for Real Estate Practice in 2018.
  • Ranked as a Notable Firm by Asialaw for Real Estate Practice in 2018.
  • Ranked by Legal 500 for Real Estate & Construction Practice in 2021,2020 and 2018.
  • Ranked as a Recognized Law Firm for Real Estate Practice by Asialaw in 2020.
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The services we render, inter alia, include:
  • Opinions.
  • Registration of project with RERA.
  • Appearing before the RERA, Adjudicating Officer and Appellate Tribunal.
  • Handling mediation between Promoters and home buyers.
  • Structuring joint venture/joint development agreements.
  • Establishing escrow mechanism for disbursement of receivables between Developer, Landowner and Investor.
  • Advising home-owners associations.
  • Preparing handover dossier at the time of handing over the completed project by the Promoter to the owners Association.
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Insights

Key Contacts

Purnima Kamble

Partner

Jayaprakash Padmanaban

Partner

S T Prashantha Kumar

Partner

Aruna Singh

Group Head

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